Afternoon Tea in Jerusalem Blog

In addition to my work as a business coach, one of my interests is blogging about life in Israel. This is a country full of contrasts – over eight million citizens living in an area the size of Wales. You can see snow and the lowest place on the globe in the same day. Although surrounded by geopolitical extremes, Israel has achieved a decade of high economic growth. My work brings me in contact with an array of new companies, exciting technologies and dynamic characters. Sitting back with a relaxing cup of strong tea (with milk), you realise just how much there is to appreciate in the Holyland. Large or small operations, private sector or non profit, my clients provide experiences from which others can learn and benefit.

How will Britain leave the EU? Under what terms? Who will be the PM? I am not placing my bets. What I have found significant is that amongst the hubble and bubble and much trouble, Britain’s Secretary of State for International Trade, Dr Liam Fox, has found the time to pop over to Israel. Why?

There are some very significant facts for the UK economy, that Israel’s opponents would have you ignore.

  • Britain’s Department for International Trade said goods worth $9bn were traded between the UK and Israel in 2017, a record year.
  • The number of Israeli companies that set up in the UK after the Brexit referendum increased by 28 per cent, as did Israeli investment in the UK by 33.5 per cent.
  • Israeli-made generic pharmaceuticals are also a major supplier for the NHS.

Earlier this week, yet another seminar was held in Tel Aviv encouraging cooperation between the two countries health sector. And add to that Fintech and a whole series of innovation tech partnerships. In other words, the economic and commercial bonds between the two sides are growing, mutually, for the benefit of all.

Bilateral trade has almost doubled in recent years, despite or in spite of the hate of the BDS movement. Looking ahead, there are clearly plans on the table to resolve expected hiccups from the exit from Europe.

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